Ann: Mount Peake mine EIS released for public comment, page-16

Hi All,

This is good news...

As to some above comments....

The real news is the EIS is published - which is an extremely important step. No EIS approval no mine!!!! Let's hope no-one objects.

Part of most planning approval processes is to gazette the plans to the public "Public Comment". This is a required step before approval can be given. Much like building or extending a house where you have to advertise what you are doing for 2 weeks (in Vic)

As to finance approval - well this can be gained prior to EIS approvals. As finance is my game I have hundreds of examples where finance is subject to conditions or finance is approved subject to settlement conditions (when funds are made available).

e.g. If you were building 10 townhouses. A lender may approve construction finance subject to 6 of the townhouses being pre-sold. So you need to sell 6 townhouses before you can start construction.

In the case of TNG the financier may approve finance subject to EIS and other planning approvals as well as sufficient off-take agreements to ensure their finds can be paid back from the revenue of operations.
No doubt a whole lot more complex than constructing 10 townhouses. PB has many companies to deal with and thousands of SH to try and protect and maximize returns.

Keep going PB. doing a great job!